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20110731
20110731
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CNNW 23
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English 23
Search Results 0 to 22 of about 23 (some duplicates have been removed)
CNN
Jul 31, 2011 2:00pm PDT
big development. this is the first member of the key negotiators in these debt talks has come out publicly to say he is on board. this coming from senate majority leader harry reid. the top democrat in the senate. a statement we just received from his office says senator reid has signed off on the debt ceiling agreement pending caucus approval. of course, pending caucus approval means pending -- getting the same sign-off from his fellow democrats. that, of course, leads me to believe he will probably be having a caucus meeting or at least some kind of conference call with his members at some point soon to discuss this with them. but this is a major development. because as we know, we were just talking yesterday, this is the same man who came back from a meeting at the white house with the president, seeming very pessimistic about the prospects of a deal. today we heard him speak cautiously optimistic as he said. now we have for the first time one of the key negotiators publicly coming out to say that he has signed on to these -- to the debt ceiling agreement. of course, we need to
CNN
Jul 31, 2011 6:00am PDT
an agreement here that i hope they will consider supporting. >> and the next big area is the debt committee, as you call it, and the question is how do they guarantee absolutely that you get the kind of deficit reduction you are looking for, because we have had, with all due respect, committees in the past and they have not done so well, one very recently, and how do you hold fair feet to the fire? there is talk of triggers to make sure if they do not do their work congress will be forced to cut. >> first of all, we have not had anything like this. this is a joint committee of congress. it's not a commission that consists of outsiders. it's a joint committee of congress with an equal number of republicans and democrats, under enormous pressure from the american people, from the markets, foreign countries looking at us to see if we're going to get our house in order, to come up with significant additional savings over and above the initial ones that we will approve before the end of this year, and entitlement reform is absolutely critical. for example, the -- the trustees of the medicare and
CNN
Jul 31, 2011 12:00pm PDT
a big influencer here, so has -- so have the pledges to not increase taxes by americans for tax reform. what's your sense of what this does for any future discussions about spending, budget cuts, tax increases or stimulus? >> well, here's what i think the administration would say right now, ali. we don't know all of the details right now. if the deal includes a promise that we're going to get expedited action on a tax reform package, which would have to include something like an 800 billion to a trillion dollar revenue increase as part of it, doing lower rates or broadening the base but with revenues, the sort of thing the speaker, john boehner and president were talking about. it may not be quite as bad a deal for the president. what the white house is saying, we have a stop gap here. if they don't want to increase revenues by the end of 2012, barack obama is still the president and he vetoes the repeal of the bush tax cuts so they end up with a worse situation. now, that's -- the best case that you can make perhaps with this kind of deal but not over with yet. at the same time, whate
CNN
Jul 31, 2011 9:00am PDT
of spending would go into effect. >> including entitle ms. the big question we have is where are revenues in all this? we can talk about that in a minute. let's take a quick break. we'll be right back. >> the clerk will call the roll. ♪ ♪ ♪ ♪ look at that car, well, it goes fast ♪ ♪ givin' my dad a heart attack ♪ [ friend ] that is so awesome. ♪ i love my car [ engine revving ] [ male announcer ] that first chevy, yea, it gets under your skin. ♪ >>> we're taking a look at the picture of the senate floor. the senator from maryland is speaking right now. we just heard from the senate majority leader, harry reid, who told us that he believes they are close to an agreement, which is something that senate mitch mcconnell told us earlier today. i'd like to play for you now, while we're waiting to hear from senator mitch mcconnell on the senate floor, something gene sperling, the director of the national economic council, told me. he said that tax cuts are not on the table for about a year and a half. let's take a listen. thanks for being with us this morning. >> thanks for hav
CNN
Jul 31, 2011 3:00pm PDT
? >> reporter: i think it's a step in the right direction in terms of reaching a compromise. the big question remains while we have heard that harry reid signed off on the deal, where do republicans -- the key republican negotiators in this whole deal, where do they stand on the issue? in the house as well as in the senate. well, we're still obviously looking to get guidance on that. we have heard from one top senate republican leadership aide who said at least -- at least right now they're not there yet saying the agreement is not done and that they're still working on it. so it seems that while harry reid, he's onboard. seems at least for the part of senate republicans, seems there needs to be a little more work to be done before -- to get them onboard as well. >> okay. a little more work. do you have any idea about the timing? or we just don't know? it happens when it happens? >> to be honest, i don't think anyone really knows about the timing. this story has changed from moment to moment. it's very fluid. it's always the question, i promise you, it's the question that we've been asking ev
CNN
Jul 31, 2011 4:00pm PDT
. but they seem to be quite optimistic they're moving towards something and a big endorsement, this earlier today from the top negotiator democrat in the senate, harry reid. a lot of moving parts. trying to get a hold on t. and talk about republicans. do we know where they stand on the approval of this deal? >> reporter: yeah. that is a big question, because the house republicans, you saw just how hard it was for the house republican leadership to get their own bill through the house, and to get their own members onboard for this deal. talking about a compromise, you can only guess that might be even a tougher sale, possibly. we haven't heard yet from house speaker john boehner or house leadership and where they stand on things. we know, though, however, we are told by a top senate republican leadership aide that they're not there yet and still working. so it seems like they're still working on the deal. clearly, not at a place harry reid is at this point and that's a big question of where are republicans going to stand on this? are they going to endorse it and what their issues are with it. don?
CNN
Jul 31, 2011 3:00am PDT
be wind after the desert in africa and turns into something monstrous. we don't know really how big this might become. we know there's a fairly good chance this cluster of storms you have on the map might become a named storm. emily would be the next one. don was a bit of a dud. maybe emily will but you never know, this might be something it could be, maybe the best next to katrina. you never know. these storms form and veer off to the north and usually avoid much of the islands in some of the east coast. there's always the scenario we could see this take a trajectory, make affect the leeward or windward islands. there's also the chance it could thread the needle, go into the gulf of mexico. everything bears watching and that's what we're going to do with this particular system, again, as we speak, it is about 100% chance, the national hurricane center believes, 100% chance this will become a named storm. meanwhile in terms of storms, we might see plenty of them in parts of the northern plains today. all the components are there, the high humidity, with that we also have a lot of he
CNN
Jul 31, 2011 5:00am PDT
's hard to measure, but i think you are right to worry, because it could happen and be a big thing. >> just how big is the mystery since the highest rating downgraded would be unprecedented. it could cost the u.s. government $100 billion in extra borrowing costs over the term. consumers would also pay. >> we will get back to that in a moment. we wanted to bring you breaking developments. the verdict in the spying trial of two americans that have been held for two years now, you will remember the story. three hikers were arrested two years ago, and iran said they were illegally crossed into iran, and charged them with spying. and one was released and two remained in prison, and they had their day in court in tehran. and now we are told there has been a verdict, but do we know what it is yet? >> reporter: we do not know what the verdict is, but the court had the last session and within one week they will issue the verdict, and according to the attorney for the two that i just talked to, if the verdict is guilty but the sentence is about two years, which is the same time they have ser
CNN
Jul 30, 2011 9:00pm PDT
disingenuous from somebody else. that's a pretty big chip to pull out. and i disagreed with that. and we -- >> what do you mean by that, do you think? >> i think when you understand the material, you understand it. and when you don't get it, you might think that i'm negative towards my own people. >> what also strikes me as strange is that i have met him five or six times on the show, and he has always been unbelievably courteous. comes back, chat, cup of coffee, have a laugh and yet he seems to attract, from all of his competitors, extraordinary amount of antipathy. >> there's not a -- there's not a union of super heroes amongst late night talk show hosts. i just met david letterman really for the first time i did his show. i waited 28 years to do it. i've known conan for a while. i know jimmy fallon, i know jimmy kimmel, i know craig ferguson and to a man, the one thing that we all agree on is that we are not all crazy about jay leno. >> why is that? >> i don't know. i think in our own personal dealings, some people get along and some people don't. >> is he much more competitive than p
CNN
Jul 30, 2011 8:32pm PDT
to this remote area. we left the big city heading for the crown jewel of costa rica's parks system. we're here in the center of a small little gold mining town. it is also the gateway into a national park. in order to get in there you've got to hike for a couple days or you can do what we're doing and we're taking the aero taxi. this is the shortest landing strip in all of costa rica. they literally clear-cut the rain forest. if we don't make it, the plane goes into the ocean. we packed up all of our gear and our guide into a tiny single engine plane and held on tight. we're flying over. this is one of the most biologically intense places on earth. that had to be the coolest landing. home to the largest and only primary low-land rain forest in the world, 140 different animal species, many endangered. professor eduardo of the national university of koes tas rick ca is a top expert in jungle ecology and is one hell of a guide. >> he said an ocelot just passed through the trail. in just 24 hours, we saw more than most park visitors see in a week. rugged, remote, stunningly beautiful inside the fo
CNN
Jul 31, 2011 1:00pm PDT
the -- prevent the u.s. from going into default. the big question is, can all of this be done by the critical august 2nd deadline? and what the white house has been clear to point out in the past, the president would be willing to support any kind of short-term deal for one or two days if they need to cross the ts and dot the is of a potential agreement. the president would be willing to embrace something like that. so that's what we'll be watching closely over the next few hours, fredricka. >> dan, despite the fact that they had a vote, kind of procedural vote on that senate majority leader harry reid's plan today, when nancy pelosi and reid went to the white house last night, was that the beginning of working out this kind of framework? >> reporter: well, it's unclear whether that was actually the beginning of, you know, working on the particular framework. what we do know is that they're looking at the last 24 hours as a period when significant progress was made. so whether it's direct talks that was taking place with democrats and the president or with republicans and the president, as ka
CNN
Jul 30, 2011 5:00pm PDT
lights and big cities. but what she found was the reality wasn't nearly as glamorous as she envisioned. when she couldn't pay the rent she found work with an escort agency. easy money paid bills but ultimately made her life harder. after only a short time as an escort her family says she had an arrest record and a drug habit. i've watched them. you guys are very close. were you close with shanon like that as well? >> yes, we were close. if one of us were missing my sister would do the same thing right now to try to find her. >> her family kept urging us to please search, to please take the dogs. it was about to get cold. >> reporter: when police finally took search dogs out to look for shanon gilbert a month after she disappeared they made a shocking discovery. >> missing persons unit called us out on saturday to follow up on an investigation on a missing person. i saw the skeletal remains of a body. >> reporter: over the next couple of days, police would find three more sets of remains. >>> coming up, the search for shannon and the chilling possibility that a serial killer is on the l
CNN
Jul 31, 2011 11:00am PDT
, the most exposed people are not taking a big hit, not suffering most, but if you don't begin somewhere, you never consolidate. so that's a balancing act. >> what you're describing sounds a lot like the obama plan in terms of agradual process that doesn't hit people who are most exposed too hard. >> it has to be gradual but it has to be determined. there has to be very strong political resolution determination drive to actually make it happen because countries cannot run with massive deficit. >> is there a kind of broader crisis here but in europe particularly in europe but in the western world in general. if you look at the percentage of gdp that government took up in a place like france in 1950, it was 30%, it's now 55% roughly. the share of government to gdp has grown so much in western countries as they have been more generous with the welfare states and they are wonderful social policies. is there a problem here that ultimately you can simply cannot grow at the rates that perhaps what were historically true if you have this larger role for government? >> well, there are things that used
CNN
Jul 31, 2011 8:00am PDT
a pass on not writing down whatever they say their proposal is? this has been a big republican complaint. >> i don't think that that -- i think that criticism from the republicans about the white house has been amply duly reported. i think the reporters have been smart and good in pushing back little bit in saying that some of the republican criticism has been sort of hyperbolic in that regard and there actually are plans written down. >> let me get a break. when we come back, the tea party members who keep saying no. are journalists giving them a fair shake? [ jelani ] neither of my parents went to college. something that was drilled in me early on, you know, college is the place for you. it's my number one goal. ♪ students like me, who take these ap math and science classes and have these opportunities, this is where the american dream lies. when i write that book, you know, i plan to dedicate it to my school. ♪ those hopes and dreams that you have, you know, they're within reach. and i'm living proof. [ female announcer ] sweet honey taste. 80 calories per serving. 40% daily value
CNN
Jul 31, 2011 10:00am PDT
point he makes is this is going to look like a big win for the republicans today because of the cuts and the balanced budget inclusion in this contemplated agreement. but a big loss in the fall if the super committee plan actually passes huge cuts, say, to defense. and so this is one of the things we're seeing here. we know that mitch mcconnell is going to be working hard to get support in the united states senate. we also know that in the republican party it does not look like he's going to give 100% support from where he stands right now, wolf. >> no, but the question is will they get the majority, even get 60 votes in order to get anything really important done in the united states senate. as you know, joe, and you've covered capitol hill for many years, you almost always need 60 votes. so right now there are 51 democrats, two debts who caucus with the democrats, and 47 republicans. i think if harry reid and mitch mcconnell are jointly on board with the president of the united states, i think it's fair to say they will have more than 60 votes in the united states senate. is that r
CNN
Jul 31, 2011 7:00am PDT
anyone else, this consumer demand, if you could get back up to 15 million cars, it would make a big difference. does this incredible month or two of rangeling in washington and the sense we can't get our house in order and we're so divided, do you think this hurts in a measurable way? >> well, you're right. nature abhors a vacuum and markets abhor uncertainty. uncertainty undermines consumer confidence. consumer spending in our country accounts for about 65% to 70 pushes of the gdp. when consumers lose confidence, they hesitate, not as xwul lish, not spending money. it does have an impact on the economy. but there are all sorts of uncertainties youchlt name one. the oil spikes earlier in this year. we got off to a pretty good start in 2011. then oil spiked above $100 a barrel. that particularly concerned our industry. then there was the tragic earthquake and tsunami in japan. that threw a lot of uncertainty into our industry. so there are all sorts of uncertainty. that's what we get paid to do, is to manage through that. it keeps me awake at night. >> the world you're describing is
CNN
Jul 30, 2011 10:00pm PDT
of the big issues that the white house has had with the house republican plan and what's really been seen as an area that needed to be negotiated and really could be the thing that could lead to a break-through on a deal is this idea of if you're going to have a two-part increase in the debt ceiling that would take the debt ceiling through the next election, november 2012, it was really how you tied that second increase in the debt ceiling after several months. the white house senate democrats didn't like the way that the house republicans were doing it. they felt it would have led to some chaotic situation like we have seen with all of this back and forth over the debt increase and they would have seen it again around the new year and they didn't want to do it again. they are looking at that sort of seam, if you will, in the context of the framework to maybe work it out in a way that is more amendable to the white house and democrats. >> brianna keilar for us at the white house. cnn is dedicated to providing you up to the minute coverage of the debt crisis and tomorrow night, we will bri
Search Results 0 to 22 of about 23 (some duplicates have been removed)